Skip to main content

About your Search

Search Results 0 to 0 of about 1
Nov 24, 2009 7:00pm EST
, the cost of that war will almost certainly climb. now they're looking for ways to pay the bill. and as lisa sylvester reports, that may mean new taxes. >> reporter: congress is proposing a heap of new taxes. a 5.4% health care tax for individuals earning $500,000 a year. a proposed tax on so-called cadillac insurance plans. a quarter percent tax on the wall street tax, and possibly, if the war in afghanistan goes on, a new 5% tax on the rich. >> what we're suggesting is a war surtax, a graduated tax so that we don't devour with that cost, every other priority we have in the economy. >> reporter: president obama is also prepared to let the bush tax cuts expire in january 2011 for those making more than $250,000 a year. >> one of his concerns is to more evenly -- is to use tax policy to make a more even distribution. >> reporter: high income earners in some states could see their marginal tax rate increase more than 60%. a democratic representative who has opposed a wall street tax sees nothing wrong with getting the rich to pitch in more. taxpayers helped stabilize wall street and now wall s
Search Results 0 to 0 of about 1